Index Trend Analysis Report
Prepared for you on Tuesday, January 22, 2019.
GOLD BENCHMARK INDEX USD EXCESS RETURN (CME:SGICGDB)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SGICGDB
The long term trend has been UP since Dec 7th, 2018 at 7231.473
The intermediate term trend has been DOWN since Jan 22nd, 2019 at 7383.630
The short term trend has been DOWN since Jan 18th, 2019 at 7442.120
Smart Scan Analysis for SGICGDB
Based on a pre-defined weighted trend formula for chart analysis, SGICGDB scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||8092.37||52wk High Date||2018-01-25|
|52wk Low||6852.977||52wk Low Date||2018-08-17|